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Coinbase lays off 14% of staff in pivot to AI-native operations: 700 jobs impacted, restructuring to cost 60 mn

Posted on May 6, 2026
By Financial Express
1 Views
1 min read

Coinbase lays off 14% of staff in pivot to AI-native operations: 700 jobs impacted, restructuring to cost 60 mn

Coinbase is cutting 14% of its workforce as it leans into AI and smaller teams. CEO Brian Armstrong says the company is moving away from layers of management, calling it a “new way of working” in a tough crypto market.